Once a cost pool has been established, it should not need to be revisited or revised.

Question

Quizplus · Accepted Answer

Cost pools may need to be revisited or revised for various reasons, such as changes in the nature of the cost or changes in the underlying activities that generate the cost. Therefore, it is important to regularly review and update cost pools to ensure that they accurately represent the costs associated with specific activities or products.

Once a Cost Pool Has Been Established, It Should Not